Tag: India: Trade-level HRC offers rise by up to INR 1600/t w-o-w on rumours of safeguard duty imposition

Supply shortages support higher tags Mill’s list prices expected to increase Trade-level hot-rolled coil (HRC) prices across India increased by up to INR 1,600/tonne (t) w-o-w to INR 48,100-50,500/t. Additionally, cold-rolled coil (CRC) prices rose by up to INR 1,000/t w-o-w, settling at INR 54,200-58,300/t ($617-671/t) across markets. The price hike was driven primarily by…